1613 Lake DrGatlinburgTN37738
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gatlinburg at 1613 Lake Dr, Gatlinburg, TN, 37738 offers a 10.9% rental yield on a $449,000 purchase with $4,080/mo rent. Total monthly income registers $4,080/mo, and a $2,198/mo payment leaves $1,392/mo available for distribution. Annual cash flow reaches $16,702/yr on $148,844 to close, and return on cash invested stands at 31.13% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 162.75% and total cumulative return in cash at $242,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,080/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37738, Gatlinburg, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,246 (100%) |
| Owner Occupied HU | 1,502 (20.7%) |
| Renter Occupied HU | 706 ( 9.7%) |
| Vacant Housing Units | 5,038 (69.5%) |
| Median Home Value | $382,012 |
| Average Home Value | $448,525 |
Housing Distribution
Address Breakdown
Residential
3,154
Single Family
2,760
Multi-Family
394
Businesses
903
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Listed by: Rasa Baldino • Century 21 MVP
Mls Name: East Tennessee Realtors
Mls ID: #1325748